OCBC provides various dwelling loan packages for HDB flats, providing competitive interest rates as an alternative to the HDB Concessionary Loan. Their choices include things like both of those fastened and floating amount selections. For illustration, a hard and fast-charge package deal might present you with a amount of 2.32% p.a. for a two-calendar year lock-in time period, whilst a floating-rate solution is usually pegged to the three-Month Compounded SORA that has a spread. To be qualified for an OCBC HDB loan, applicants need to be at the least 21 many years outdated and meet a least mortgage degree of S$two hundred,000 for HDB flats. The loan volume and acceptance are topic to the full click here Debt Servicing Ratio (TDSR) plus the bank's credit score evaluation of your borrower's revenue and money obligations. OCBC is known for its quickly software system and also offers specialized merchandise like the Eco-Care Residence Financial loan for Attributes using a BCA Inexperienced Mark certification. The financial institution's financial loan products and services also offer versatility for borrowers to reprice their bank loan bundle or make partial prepayments.